Beyond the Tech Giants: 35 Non-Tech AI Opportunities

10. Marsh & McLennan Companies, Inc. (NYSE:MMC)

Number of Hedge Fund Holders: 51 

Marsh & McLennan Companies, Inc. (NYSE:MMC) is a professional services company that provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. One of their key AI initiatives of the firm is the development of a generative AI tool called LenAI, which was created in collaboration with Oliver Wyman Digital. This tool, designed to enhance productivity, helps employees by streamlining tasks such as document analysis, calculations, and internet searches. It has reportedly saved early users an average of eight hours per week by automating repetitive tasks, allowing more focus on complex, value-added work. The company also uses AI to help clients navigate challenges related to risk management, workforce transformation, and customer experience.

Marsh & McLennan Companies, Inc. (NYSE:MMC) is turning heads on Wall Street. Barclays analyst Alex Scott recently initiated coverage of the stock with an Equal Weight rating and $236 price target. The advisory noted that it initiated 19 property and casualty insurers and brokers with a Neutral industry view. The selective approach was focused on navigating both the opportunities and lagged pressures from litigation-related inflation as well as a property market with peaking profitability.